Sapient Capital LLC Acquires Shares of 2,581 Affiliated Managers Group, Inc. (NYSE:AMG)

Sapient Capital LLC acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,581 shares of the asset manager’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley increased its stake in Affiliated Managers Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock valued at $322,537,000 after purchasing an additional 41,120 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Affiliated Managers Group by 72.3% in the fourth quarter. SG Americas Securities LLC now owns 15,256 shares of the asset manager’s stock worth $2,310,000 after acquiring an additional 6,402 shares during the period. LGT Capital Partners LTD. grew its stake in shares of Affiliated Managers Group by 28.3% in the fourth quarter. LGT Capital Partners LTD. now owns 393,330 shares of the asset manager’s stock worth $59,558,000 after acquiring an additional 86,670 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Affiliated Managers Group in the third quarter worth approximately $1,000,000. Finally, North Star Asset Management Inc. grew its stake in shares of Affiliated Managers Group by 0.9% in the third quarter. North Star Asset Management Inc. now owns 97,254 shares of the asset manager’s stock worth $12,676,000 after acquiring an additional 861 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Trading Down 2.4 %

AMG opened at $162.17 on Monday. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.57 and a beta of 1.31. The company’s 50 day moving average is $160.40 and its 200 day moving average is $146.32. Affiliated Managers Group, Inc. has a 12-month low of $120.22 and a 12-month high of $169.65.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.83. The company had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $7.28 earnings per share. As a group, analysts predict that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio is currently 0.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMG. Barrington Research lifted their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. TD Cowen began coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price target for the company.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.